13F-HR: First Merchants Corp Discloses $2.7B Q4 2025 Portfolio

First Merchants Corp has filed its Q4 2025 holdings report, revealing a portfolio valued at over $2.7 billion across 513 positions.

Summary

• First Merchants Corp, an institutional investment manager, filed its Form 13F-HR for the calendar quarter ended December 31, 2025.
• The report details the manager's investment holdings, totaling 513 entries.
• The aggregate fair market value of the reported holdings is $2,700,283,340.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine, factual disclosure of investment holdings without performance metrics or forward-looking statements from the reporting entity.

Future Outlook

NA

Management Comments

• Heather Roche, Private Wealth Operations, Asst Manager, signed the report, representing that the person signing is authorized to submit it and that all information contained is true, correct, and complete.

Industry Context

This filing provides a routine, legally mandated snapshot of First Merchants Corp's public equity and certain other asset holdings as of the end of Q4 2025. It reflects the investment decisions and portfolio composition of the institutional manager within the broader financial services industry.

Stakeholder Impact

• Shareholders of First Merchants Corp gain transparency into the investment strategies and portfolio composition managed by the institution.
• The broader investment community receives insights into the holdings of a significant institutional investor, which can influence market perceptions of the underlying securities.

Key Dates

Keywords

13F-HR, holdings report, institutional investment, portfolio disclosure, equities, mutual funds, First Merchants Corp, asset management